HIVE Digital Technologies: High-Performance Computing and Blockchain

March 7, 2024

Investing in Crypto

Bridging Traditional Capital Markets with the Blockchain and AI Revolution

In an era where technology and digital transformation dictate market trends, HIVE Digital Technologies Ltd. stands out as a beacon of innovation and strategic foresight. Founded in 2017, HIVE made history as the first cryptocurrency mining company to be listed for trading on the TSX Venture Exchange, emphasizing its commitment to sustainable green energy from the outset.

HIVE's journey is a testament to the power of first-mover advantage, especially in sectors as dynamic and fast-evolving as blockchain and artificial intelligence (AI). According to the company's CEO, HIVE's strategic pivot towards high-performance computing (HPC) and AI not only diversifies its portfolio but also meets the soaring demand for computational power. "No data centers, no internet. No data centers. No mobile phones," he states, highlighting the indispensable role of data centers in today's digital economy. HIVE's initiative to rent out its advanced chips to Public Ivies underscores the company's innovative approach to tapping into the burgeoning field of AI, beyond the realms of cryptocurrency.

HIVE's business model is a compelling narrative of growth and diversification. Initially focused on mining digital assets such as Bitcoin and Ethereum using green energy-powered data centers in Canada, Sweden, and Iceland, the company has now expanded its horizons to high-performance computing for AI. This expansion not only enhances HIVE's service offering but also strengthens its position as a growth-oriented technology stock within the emergent blockchain industry.

The company's commitment to sustainability is worth noting. By endeavoring to source green energy for its operations, HIVE aligns with the global push towards environmental responsibility. This commitment, coupled with the company's strategy to hold the majority of its treasury in ETH and BTC derived from mining rewards, presents a unique value proposition to investors. HIVE offers exposure to the operating margins of digital currency mining and a portfolio of Bitcoin, all while owning hard assets like data centers and advanced servers.

Frank Holmes, Executive Chairman

Renowned global investor Frank Holmes leads the HIVE board of directors, contributing to the company's vision and strategy. Mr. Holmes is chief executive and chief investment officer at U.S. Global Investors, a leading mutual fund and asset management firm. Mr. Holmes is a sought after keynote speaker at international investment conferences and a regular guest in business media. His Frank Talk CEO Blog is one of the most widely read in finance.

For more information on HIVE Digital Technologies Ltd. ( TSXV: HIVE, NASDAQ: HIVE) please click the request investor info button.

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